Nippon Building Fund (FRA:S4C) Construction In Progress: €6.9 Mil (As of Dec. 2025)


FRA:S4C Nippon Building Fund Inc FRA:S4C
56 GF Score
Price €690.00
GF Value €584.52
! 7 Warning Signs
View Full Analysis

What is Nippon Building Fund Construction In Progress?

Nippon Building Fund FRA:S4C +4.55% 56 Construction In Progress is €6.9 Mil as of Dec. 2025. GuruFocus rates FRA:S4C with a GF Score™ of 56/100 and a GF Value™ of €584.52. The stock has 7 warning signs investors should review.

Nippon Building Fund's quarterly construction in progress declined from Dec. 2024 (€7.8 Mil) to Jun. 2025 (€7.6 Mil) and declined from Jun. 2025 (€7.6 Mil) to Dec. 2025 (€6.9 Mil).

Nippon Building Fund's annual construction in progress declined from Dec. 2023 (€8.2 Mil) to Dec. 2024 (€7.8 Mil) and declined from Dec. 2024 (€7.8 Mil) to Dec. 2025 (€6.9 Mil).

Nippon Building Fund Construction In Progress Historical Data

* Premium members only.

The historical data trend for Nippon Building Fund's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nippon Building Fund Construction In Progress Chart

Nippon Building Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.84 8.05 8.24 7.83 6.91

Nippon Building Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.24 7.61 7.83 7.58 6.91
FRA:S4C
56GF Score
Nippon Building Fund Inc FRA:S4C
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Building Fund Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of €6.9 Mil mean?
Nippon Building Fund (FRA:S4C) has a Construction In Progress of €6.9 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Nippon Building Fund and its competitors.
Is Nippon Building Fund's Construction In Progress too high?
Nippon Building Fund's current Construction In Progress is €6.9 Mil. Overall, Nippon Building Fund has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Building Fund's Construction In Progress compare to BXP and ARE?
Nippon Building Fund's Construction In Progress of €6.9 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a REITs company?
A good Construction In Progress depends on the REITs industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Nippon Building Fund and its competitors. Nippon Building Fund's current Construction In Progress is €6.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Building Fund stock overvalued right now?
Nippon Building Fund (FRA:S4C) has a current Construction In Progress of €6.9 Mil. The stock's GF Value™ is €584.52, compared to a current price of €690.00 — trading 18% above its estimated fair value. The current Construction In Progress is €6.9 Mil. Nippon Building Fund's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Nippon Building Fund (FRA:S4C), the current Construction In Progress is €6.9 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nippon Building Fund (FRA:S4C) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Building Fund stock appears to be overvalued. The current stock price of €690.00 is trading 18% above its estimated GF Value™ of €584.52.

Key valuation signals for FRA:S4C:

  • Construction In Progress: €6.9 Mil
  • GF Value™: €584.52 vs. price of €690.00 (18% above fair value)
  • GF Score™: 56/100 with 7 warning signs

No single metric tells the full story. See the FRA:S4C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nippon Building Fund Business Description

Industry Real EstateREITs
Other Exchanges 8951:JapanS4C:Germany
Address 3-1, Nihonbashi Muromachi 2-chome, Muromachi Furukawa Mitsui Building 16th Floor, Chuo-ku, Tokyo, JPN, 103-0022
Nippon Building Fund Inc is a Japanese real estate investment trust engaged in the acquisition, ownership, and leasing of properties in the Greater Tokyo area. The company's real estate portfolio comprises of large corporate office buildings. The majority of these are located in the five wards of Tokyo's central business district. Office space located throughout the rest of Tokyo also makes up a substantial percentage of Nippon Building Fund's assets. The company derives the majority of its income in the form of rental revenue from tenants. Nippon Building Fund's customers are firms from the service, electrical equipment, and information and communications industries in terms of square footage used.
56GF Score

Get the complete analysis for FRA:S4C

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€690.00
Price
€584.52
GF Value